UK’s Gilt and Taxonomy plans spark hopes of green bond surge

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By Jon Hay, Lewis McLellan
12 Nov 2020

The UK’s announcement that it would begin issuing green Gilts next year is raising hopes that it will inspire more green bond issuance from UK borrowers. But market participants are eager to see how the UK handles setting up a green debt programme and its own green taxonomy. Lewis McLellan and Jon Hay report.

Rishi Sunak, chancellor of the exchequer, told parliament on Monday that the UK would take the long-expected step of beginning to issue green Gilts and would be a programmatic issuer, creating a green curve.

Little beyond that — such as what spending the UK will include or how ...

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